SRRV CLASSIC
Requirements
1. Age
35 – 49 years old
50 years old & above
2. Visa Deposit
35~49 years old : US$ 50,000
50 years old & above : Without Pension - US$ 20,000.00
With Pension - US$ 10,000.00
Note : * Additional visa deposit - US$ 15,000.00 per dependent in excess of two(2)
* Show proof of monthly pension remitted to the Philippines (US$ 800.00) for
single applicant and (US$ 1,000.00) for married couples
3. Convertibility of Deposits
* May be converted into investments.
* Total amount of in-vestment must be at l east US$ 50,000.00 for conversion to
be allowed
Note : For investment in condominium or long term lease of House and Lot,
units must be Ready For Occupancy
4. Application Fees
US$ 1,400.00 for principal
US$ 300.00 for each spouse /dependent
Note : One-time payment only
5. Monetary Obligation/s
US$ 360.00 Annual PRA Fee for principal, spouse and (1) child upon enrollment
and every year thereafter.
US$ 100.00 for each dependent in excess of two (2)
Note : Previous fees, i.e. Visitorial Fee, Harmonization Fee & Management
Fee are deemed waived.
6. Depository Bank
Development Bank of the Philippines (DBP)
Bank account name : PRA
7. DOCUMENTARY REQUIREMENTS
1) Duly accomplished SRRV Application Form
2) Original Passport with Valid Entry Visa
3) Medical Examination Clearance
4) Police Clearance and National Bureau of Investigation (NBI) Clearance
(except for dependent-children below 18 years of age)
Police Clearance ONLY (from the applicant’s country of origin), for retiree-
applicants whose stay in the Philippines is thirty (30) days or less from the
date of last entry
National Bureau of Investigation (NBI) Clearance for retiree-applicants whose
stay in the Philippines more than thirty (30) days from the date of last entry
Note : If cannot submit Police Clearance, submit Affidavit of Undertaking
5) 2”x2” ID Pictures (16) pieces
6) Marriage Contract
(Below are alternative requirements in lieu of the Marriage Contract)
★Family Register / Domicile (for Koreans and Japanese)
★Household Register (for Taiwanese)
★Certificate of Relationship (P.R.O.C Chinese)
★Koseki Tohon (for Japanese)
★Birth Certificate for minor child
Note : If one applicant/principal only, NO NEED
7) Proof of Dollar Remittance to Development Bank of the Philippines (DBP)
8) DBP Certificate of Retiree’s Bank Deposit
9) Original tourist I-Card (if the retiree-applicants stayed in the Philippines
more than (59) days
10) Pension documents
** All documents obtained/issued abroad must have an English translation and
duly authenticated by the Philippine Embassy / Consular office